Champion Homes, Inc. $SKY Stake Increased by California State Teachers Retirement System

California State Teachers Retirement System increased its holdings in Champion Homes, Inc. (NYSE:SKY) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,261 shares of the company’s stock after acquiring an additional 12,142 shares during the period. California State Teachers Retirement System’s holdings in Champion Homes were worth $4,705,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Champion Homes by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,800,562 shares of the company’s stock valued at $366,619,000 after buying an additional 333,666 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Champion Homes by 221.3% in the 1st quarter. Wasatch Advisors LP now owns 2,736,767 shares of the company’s stock valued at $203,533,000 after purchasing an additional 1,885,046 shares during the period. State Street Corp grew its position in Champion Homes by 4.0% during the second quarter. State Street Corp now owns 2,579,091 shares of the company’s stock worth $161,477,000 after buying an additional 98,659 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Champion Homes by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,736,164 shares of the company’s stock valued at $129,111,000 after purchasing an additional 80,531 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Champion Homes by 7.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,411,351 shares of the company’s stock valued at $107,785,000 after buying an additional 91,989 shares during the period.

Insider Buying and Selling at Champion Homes

In other news, EVP Joseph A. Kimmell sold 4,000 shares of Champion Homes stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $75.91, for a total value of $303,640.00. Following the transaction, the executive vice president owned 32,118 shares in the company, valued at approximately $2,438,077.38. This trade represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Champion Homes Stock Performance

Shares of SKY stock opened at $94.78 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.69 and a current ratio of 2.74. The company has a 50-day simple moving average of $81.99 and a 200 day simple moving average of $81.09. Champion Homes, Inc. has a 52 week low of $63.69 and a 52 week high of $99.17. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 27.63 and a beta of 1.01.

Champion Homes (NYSE:SKY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The business had revenue of $710.23 million during the quarter, compared to analysts’ expectations of $701.98 million. Champion Homes had a net margin of 7.16% and a return on equity of 12.52%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 EPS. On average, sell-side analysts predict that Champion Homes, Inc. will post 3.4 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SKY. Zelman & Associates raised Champion Homes from a “hold” rating to an “outperform” rating in a report on Thursday. UBS Group boosted their price target on shares of Champion Homes from $93.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays boosted their target price on Champion Homes from $102.00 to $109.00 and gave the stock an “overweight” rating in a research report on Thursday. Zacks Research upgraded Champion Homes from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Finally, Weiss Ratings cut shares of Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

Champion Homes Profile

Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.

The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.